The need for new ventures and their ability to generate new jobs is something that almost everyone can agree on. How to make it happen in your community is a bit trickier.
One means of achieving that grand goal: organizing an annual business plan competition.
The Eastern Shore Business Plan Competition is designed to advance and expand the entrepreneurial ecosystem of Maryland’s Eastern Shore.
Currently in its third year, the event is promoted by the Eastern Shore Entrepreneurship Center, Rural Maryland Council and Maryland Capital Enterprises.
Over the years, the contest has served as a feeder to state and national business competitions like InvestMaryland and MassChallenge. Finalists of the Eastern Shore Business Plan Competition are automatically eligible to InvestMaryland and MassChallenge.
This year’s finalists are:
- Aeos (Salisbury, Md.)
- Enterprise 101 (Worton, Md.)
- Nuvu (Mount Airy, Md.)
- SpiderWeb Connections (Easton, Md.)
- Tango (Salisbury, Md.)
One winner will take home $25,000 in cash and a $2,000/month discount (for 12 consecutive months) from the Rackspace Startup Program.
The five finalists will make presentations tomorrow, Nov. 12, at the TEDCO Entrepreneur Expo. The $25,000 winner, selected from a panel of judges, will be announced later that evening.
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